Parkside Town Commons
Parkside Town Commons is a mixed-use center anchored by Frank Theatres, Target, Harris Teeter, Field & Stream, and Golf Galaxy. Construction has commenced with a planned Phase I opening in Spring 2014. Target, opening in March 2014, is under roof and interior work has begun. Off-site work is progressing on schedule and should wrap up in January 2014.
Parkside Town Commons is adjacent to the Research Triangle Park (RTP), the largest research park in the U.S. RTP is home to over 140 companies employing more than 49,000.
The Raleigh-Cary metro is ranked # 3 on Bloomberg’s 2013 list of “America’s boomtowns.” The Raleigh-Cary metro’s population grew by 11.06 % with compound annual GDP growth of 1.49%. That growth comes on the strength of Research Triangle Park, which is attracting top talent from all over the country. As a result, the housing market is also booming – there were 1,002 annual closings and 1,045 annual starts from the first quarter of 2012 – 2013. In the last 3 years alone, 20 subdivisions within a 3 – 4 mile radius have reached build-out.